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515 Park Avenue, #1516

$25,000,000 ($3,838 per ft2) -16.5% | 6+ beds, 6+ baths | Approx. 6,514 ft2
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382 days on Market

Key Details

  • Listed: Apr 11, 2023
    Last Price Change: -7.4% ($2M) on Nov 3
    Days on Market: 382
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 1,128 times
Monthly Common Charges: $13,345
Monthly Real Estate Taxes: $8,635
Total Taxes & Fees: $21,980 ($3.37/ft2)
Est. Monthly Mortgage: $138,067
Total Est. Monthly Carrying Cost: $160,047 ($24.57/ft2)
Note: the above is based on a down payment of 20% ($5,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This luxurious property is located at 515 Park Avenue, in the prestigious Park/Fifth Ave. to 79th St. neighborhood, close to subway, famous boutiques, stores and restaurants.
  • Spacious and Elegant: The apartment boasts over 6,500 square feet of living space, featuring 6+ bedrooms and 6+ bathrooms, a grand corner living room with a fireplace, a large formal dining room, a handsome billiards room/library, and a home theater/media room.
  • Top-of-the-line Amenities: The property offers a full-time doorman, private elevator landing, an enormous eat-in kitchen with top of the line appliances, a spacious breakfast room with French doors opening onto the terraces, and a master bedroom suite with a luxuriously-scaled bathroom and large dressing room.
  • Additional Features: The apartment also includes a powder room, dry bar and wine storage, a laundry room, a separate studio apartment on the third floor, an individual wine storage unit, and a terrace.
  • Building Amenities: Built in 2000, the 43-floor building with 38 apartments offers amenities such as a concierge, resident storage, central AC, health club, washer/dryer in building, elevator, party room, valet parking, fitness center, in-unit washer/dryer, and a common dining room.
  • Financial Details: The property is listed for $25,000,000 ($3,838 per ft2) with monthly common charges of $13,345 and real estate taxes of $8,635, bringing the total taxes & fees to $21,980 ($3.37/ft2).

Description

This “mansion in the sky” enjoys 2,000 square feet of spectacular terraces overlooking Park Avenue along with 6,000 square feet of magnificent interiors in this enormous mint-condition duplex in a premier full-service condominium building. Enter by a private elevator landing to an impressive gallery which leads to a grand corner living room with a fireplace and French doors opening onto the terraces. Immediately adjacent is a large and elegant formal dining room, and a handsome billiards room/library.

There is an enormous eat-in kitchen with top of the line appliances, and adjoining the chef’s kitchen is a spacious breakfast room with French doors opening onto the terraces. The first floor also offers a powder room, dry bar and wine storage, a laundry room, and a bedroom and full bath, perfect for staff or guests. A dramatic and beautiful custom-designed wrought-iron staircase sweeps up to the second floor, where there are five bedrooms, all with en suite bathrooms, including an enormous master bedroom suite with a luxuriously-scaled bathroom and large dressing room. One of the bedrooms is currently an exquisite home office with red lacquer walls and bookcases.

A dramatic home theater/media room completes the second floor of this immense duplex. This elegant duplex is flooded with sun, and has open city views in multiple directions from its advantageous corner exposures. The apartment is characterized by distinguished architectural details, beautiful hardwood floors, and high ceilings.

There is ample closet and storage space throughout the apartment. Included in this offering is a separate studio apartment on the third floor, perfect for staff or guests or as a private home office, and there is also included an individual wine storage unit. 515 Park Avenue is one of Manhattan’s most desirable condominiums, and is perfectly positioned on the corner of Park Avenue and 60th Street.

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Apartment Amenities

  • Terrace

Listing Agent (Seller's Representative)

Listing courtesy of Sothebys International Realty

Pricing History

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About 515 Park Avenue

88

515 Park Avenue has received a CityRealty Rating of 88, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

27
Out of 44
+
28
Out of 36
+
23
Out of 39
+
10
=
88
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
1 5 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
Some 1 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Health Club
  • Washer/Dryer in building
  • Elevator
  • Party Room
  • Valet Parking
  • Fitness Center
  • In-Unit Washer/Dryer
  • Common Dining Room
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Many stunning vistas
  • Close to SubwayClose to Subway
  • Close to many famous boutiques- stores and restaurants.
  • Tallest residential building on Park Avenue
  • Some terraces
  • Private dining room
  • Full-service building with many amenities
  • Several duplexes
  • Fitness center
  • Library
  • Wine cellars
  • Fewer apartments than floors
  • High ceilings
  • Very good public transportation
  • Doorman
  • Private storage
  • Concierge
Cons
  • No roof deck
  • No balconies
  • Considerable traffic
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Lexington Ave and 60th 0.08 miles
  1. F
at Lexington Ave and 63rd 0.19 miles
  1. M
  2. E
at 5th Ave and 53rd 0.38 miles

Aerial Imagery

 

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